CBUAE issues guidance on risks to politically exposed persons - Sharjah24

Sharjah 24 – WAM: The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks related to Politically Exposed Persons (PEPs…

The guidance will assist LFIs' understanding of risks and effective implementation of their statutory AML/CFT obligations and takes Financial Action Task Force (FATF) standards into account.The guida… [+2016 chars]

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